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Miami is now safer than ever

by Gastón Laugé - March 14, 2019

It is the best news for investors and for families who want to buy a condo in this spectacular city, always radiant and cheerful. The crime rates in Miami have fallen to levels of the 60s, due to a set of factors and public policies that have taken care of attacking this problem, which had been overwhelming this city for several decades.

Statistics collected by the Miami Herald indicate that in 2018 there was a significant decrease in serious crimes such as homicides, robberies, assaults and other violent crimes. Of the 300 homicides on average that were committed in the 1980s annually, it dropped to 51 in 2018, of which only 39 were by firearms.

The city authorities maintain that this notable drop in the homicide rate is due to a successful policy of preventive security, which combines innovative techniques to fight crime along with the support of technological tools and a greater willingness of the community to collaborate in intelligence work and timely reporting.

In the largest city of Miami-Dade County, hundreds of security cameras have been installed that allow the police to better monitor each sector, both in residential areas and in commercial and recreational areas. Most of the previous violent crimes were related to the sale and consumption of drugs.

In 2018, the number of robberies went down by 11 percent from 2017, while assaults and other related crimes dropped 6 percent. The authorities are still working to achieve significant results in the decrease of sexual crimes that, unlike all others, increased 14 percent compared to the previous year.

The number of shootings still seems to be high, but as the Miami-Dade police director Juan Pérez points out, if homicides for domestic violence are eliminated from these statistics, the crime rate for this crime in the streets would fall even more.

Miami has a population of almost 500,000, but during the day it receives almost twice its population among tourists and workers who live on the outskirts of the city. This actually means that per capita insecurity rates tend to drop much more.

Since the 1980s when it was considered a crime capital, Miami experienced an exodus of residents fleeing insecurity. This change. Because now the police surveillance in the residential sectors is greater and there is more concern from the authorities to return Miami the characteristic of safe city.

Why it is safe to invest in Miami?

Breathing a safer air and the arrival of foreign capital willing to invest in luxury condominiums in Miami has caused a boom in the construction industry. Many investors have now seen an opportune time to invest in real estate, while others simply want to have a place to vacation that is vibrant, sunny and safe.

Attracted by its charms, stability, projection and security, the population of the city has increased 15.6% since 2010, placing itself among the cities of the country with the highest population growth in the country. For 2017, the population of Miami was estimated at 463,347 inhabitants and everything indicates that the current resident population is even higher, as more condominiums continue to be built for all budgets.

This real estate boom is the best indicator of the good prospects for growth and investment in properties that the city currently has. Miami is considered one of the most attractive cities in the world to invest. In addition to its location, good weather almost all year round, modern infrastructure, ease of doing business and lifestyle, are real attractions when deciding where to put money.

The investments in real estate for non-residents in the city, have the particularity that allow the owner to have a place to vacation while receiving a fixed income all year through the rents. On the other hand, for those who are looking for a permanent home, Miami is the most desired city because it has everything and is good for everything. For this reason, more and more families stay in urban centers and no longer leave for the outskirts of houses and more remote neighborhoods.

Another advantage offered by Miami is that it is a place that offers multiple facilities to acquire a property, both for locals and foreigners. In recent years, as indicated by the US Census and Statistics Office, the city has grown at a fast pace in terms of real estate investments.

Historically, Miami was conceived as a commercial port and a beach town for tourism, but in recent years this profile has changed to a perspective linked to business and family life. If you are thinking about investing in a property in Miami, contact us for more information.